Hyderabad: The investigation wing of the income tax department in Hyderabad has launched prosecution proceedings against two software professionals for allegedly attempting to defraud the tax system, even after being given a chance to correct their returns through the ITR-U provision, a facility meant for taxpayers to voluntarily correct omissions or errors and pay additional tax without facing harsh penalties.The two individuals, employed in city-based IT companies, initially filed IT returns claiming fake deductions under section 80GGC, which allows deductions for political donations. On verification, these donations were found to be bogus. The department issued notices and allowed them to file updated returns under the ITR-U mechanism.Instead of using the opportunity to correct their filings, both individuals allegedly withdrew the fake donation claims but introduced new bogus deductions in their updated returns, again under-reporting their taxable income and paying only a marginal increase in tax liability.1.2 crore fraud In the first case, the taxpayer is accused of claiming 1.2 crore in false deductions over three years, including fraudulent political donations, exempt gratuity, and other retirement-related deductions. Upon receiving notice, he withdrew the flagged claims but replaced them with new deductions, slightly increasing his taxable income to appear compliant, while evading a significant portion of his tax dues.Department officials said the evasion occurred...
Gyanesh Kumar mentioned that many voters had complained of double voting in the past few days, but didn’t give any proof when asked for it.